Qunar, China's Largest Travel Search Engine, Teams Up with Cybersource for Secure Global Expansion

PR61299

BEIJING, Aug. 18, 2015 /PRN=KYODO JBN/ --

    China's largest travel search engine, Qunar, works with CyberSource to

enhance fraud management and enable global payment acceptance for its customers

   Qunar partners with CyberSource to accelerate global expansion and heighten

             user experience for its customers

   CyberSource, a Visa Inc. company (NYSE: V), and one of the world's largest

providers of eCommerce payment management services, today announced a

partnership with Qunar, one of China's largest[1] travel search engine and

booking sites. This agreement will allow Qunar to provide safe and secure

payment services while extending its global customer reach.

   Through this partnership, Qunar will utilize CyberSource's global payment

gateway services to process international online and mobile payments from

various card types and from multiple card brands and issuers. Qunar will also

use CyberSource Decision Manager, a fraud management tool, to refine and

enhance its automated fraud screening capabilities. These solutions will help

Qunar to expand its business globally in a fast and secure fashion, while also

helping to elevate buying experience for its customers.

   China is known to be the largest travel market in Asia Pacific[2]. The

country's rising middle-income class accounts for more than 70 percent of its

population who use online services[3]. On top of that, tech-savvy travelers are

shifting towards the online channel at an exponential rate[4], where they can

plan and customize their trips from accommodation, flights, travel deals and

packages that match their needs at the best prices. In the increasingly

competitive online travel industry, companies that enable a wide spectrum of

payment acceptance, while implementing effective fraud management practices,

can enable a higher number of successful transactions while improving

travelers' payment experience.

   "As more travelers embrace the online and mobile channel for their travel

bookings, we see great prospects for growth for our business," said Zhuang Chen

Chao, Chief Executing Officer of Qunar. "As a one-stop online travel

information source, we are committed to delivering end-to-end travel experience

with top-notch quality to our customers. With CyberSource payment management

services, we are able to enhance the end-user payment experience by allowing

them to pay the way they prefer in a fast and secure manner. Furthermore, as we

expand to reach customers globally, we are confident that with CyberSource's

consolidated payment management platform, we can reduce our total costs of

operations while scaling overseas. Ultimately, the cost-savings will help us

improve the competitive advantage of our services as we expand our business."

   In addition to the global payment gateway, Qunar will also have access to

CyberSource's comprehensive fraud management tool, Decision Manager. The tool,

which features the World's Largest Fraud Detection Radar, will allow Qunar to

pinpoint fraud faster, more accurately and with less manual intervention. This

is achieved by screening inbound orders against data and correlations from more

than 60 billion transactions processed by Visa and CyberSource annually. The

transaction data is supplemented by 260 validation and correlation tests, which

enable the solution to effectively expand the depth and breadth of visibility

in transaction patterns.

   "In the global online travel sector, customers often look out for three main

things -- comprehensive information, competitive prices and a frictionless

buying experience. CyberSource recognizes that providing a hassle-free

end-to-end online payment experience is intrinsic to building customer loyalty.

We are delighted to work with Qunar to help achieve its business objective of

global expansion with an efficient online payment environment using the

CyberSource global payment gateway. On top of that, by implementing CyberSource

Decision Manager, we also strive to help Qunar to further establish a secure

and reliable presence as it expands into international markets," said Poon Khye

Wei, Senior Regional Director, Greater China and Korea, CyberSource.

   About CyberSource

CyberSource, a wholly-owned subsidiary of Visa Inc., is a payment management

company. Over 400,000 businesses worldwide use CyberSource

(http://www.cybersource.com/asiapacific) and Authorize.Net

(http://www.authorize.net/) brand solutions to process online payments,

streamline fraud management, and simplify payment security. The company is

headquartered in Foster City, California and maintains offices throughout the

world, with regional headquarters in Singapore, Tokyo, Miami/Sao Paulo and

Reading, U.K. CyberSource operates in Europe under agreement with Visa Europe.

For more information, please visit http://www.cybersource.com/asiapacific.

   About Qunar Cayman Islands Limited (Qunar)

   Qunar, founded in May 2005 and headquartered in Beijing, is setting the pace

in the home wireless and online travel market. Qunar is committed to

establishing an ecosystem for the value chain of the tourism industry, and

changing the way people travel by technology. Via its own technology platform,

the company organizes the supply and demand of tourism effectively to meet the

needs of travel suppliers and travelers. Qunar provides technology

infrastructure for travel suppliers through mobile applications and online

platform. For travelers CQunar provides them not only domestic and

international air tickets, hotels, vacations, tourism group-buying, and

thoroughly travel information anytime and anywhere but also helps travelers

find the highest cost-effective products, the best quality information and

convenient book, arranging the travel smartly, by its own website and mobile

client platform. As of the end of September 2014, its website had more than

44.74 million monthly unique visitors, topped the list, according to iResearch.

By the end of March 2015, Qunar's search scope covers 9,000 or so online travel

agencies, over 280,000 flight routes, 1.03 million hotels, 850,000 vacation

routes, 10,000 tourist attractions, and more than 200,000 group-buying

products. Qunar's mobile application was named as the best Chinese original

travel app and has more than 80 million downloads by the end of the first

quarter. Qunar is a mobile client that is the most installed and used by the

users who want to query traveling information by mobile phone. For more

information about Qunar, please visit http://www.qunar.com.  

   Sources:

   [1] Tnooz, Qunar overtakes Ctrip as China's biggest travel site (

http://www.tnooz.com/article/qunar-overtakes-ctrip-as-chinas-biggest-travel-site-booming-on-mobile-sales/

), booming on mobile sales, February 5, 2013

[2] Phocuswright, Asia Pacific Surpasses Europe to Become World's Largest

Regional Travel Market (

http://www.phocuswright.com/Travel-Research/Research-Updates/2013/Asia-Pacific-Surpasses-Europe-to-Become-World-s-Largest-Regional-Travel-Market#.VPhbBXyUeSo

), November 2013

[3] World Travel Fair, China online travel market and outbound destinations are

driving the growth of tourism industry

(http://www.worldtravelfair.com.cn/en/?news-news-read-2635.html)

[4] Phocuswright, Asia Pacific Surpasses Europe to Become World's Largest

Regional Travel Market (

http://www.phocuswright.com/Travel-Research/Research-Updates/2013/Asia-Pacific-Surpasses-Europe-to-Become-World-s-Largest-Regional-Travel-Market#.VPhbBXyUeSo

), November 2013

   For media queries, please contact:

   Felicia Ang

   Ying Communications

   +65-9113-9636

   felicia.ang@yingcomms.com

   SOURCE:  CyberSource